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Old 10-14-2009, 04:57 PM
trent trent is offline
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Join Date: Jun 2008
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Quote:
Originally Posted by Rickson9 View Post
"Overall household debt also rose 3.4% in the first half of the year."

"Also, the bad debt rate in credit cards has jumped ... to 1.2%. While consumer credit ... the number of consumer loans in major arrears has also risen to 1.7%."

"Debt interest payments as a share of disposable income is also at a low since 2006 of 7.7%. In the 1991 recession, this ratio was more than 10%."

- CIBC Capital Markets Report

OMG that's horrible! 3.4% increase in debt? Huge! Bad credit card debt catapaulting to 1.2% and consumer loans in major arrears hit 1.7% Massive!

Those numbers ARE crazy!
So you think that "Overall household debt also rose 3.4% in the first half of the year.", which is about 7% increase of debt levels per year is sustainable?
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